G2Connect Limited,Ltd - AccountsLtd - Accounts

G2Connect Limited,Ltd - AccountsLtd - Accounts

G2CONNECT LIMITED - Company Information

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2016-06-01 08162498 2017-05-31 08162498 2016-06-01 2017-05-31 08162498 2016-05-31 08162498 2015-06-01 2016-05-31 08162498 uk-core:WithinOneYear 2016-05-31 08162498 uk-core:WithinOneYear 2017-05-31 08162498 uk-core:AfterOneYear 2016-05-31 08162498 uk-core:AfterOneYear 2017-05-31 08162498 uk-core:ShareCapital 2017-05-31 08162498 uk-core:ShareCapital 2016-05-31 08162498 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 08162498 uk-core:RetainedEarningsAccumulatedLosses 2016-05-31 08162498 uk-bus:Director1 2016-06-01 2017-05-31 08162498 uk-core:ToolsEquipment 2016-06-01 2017-05-31 08162498 uk-core:FurnitureFittings 2016-06-01 2017-05-31 08162498 uk-core:ToolsEquipment 2016-05-31 08162498 uk-core:FurnitureFittings 2016-05-31 08162498 uk-core:FurnitureFittings 2017-05-31 08162498 uk-core:ToolsEquipment 2017-05-31 iso4217:GBP 08162498 uk-bus:AuditExemptWithAccountantsReport 2016-06-01 2017-05-31 08162498 uk-bus:FRS102 2016-06-01 2017-05-31 08162498 uk-bus:FullAccounts 2016-06-01 2017-05-31 08162498 uk-bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31
G2Connect Limited
Registered Number:08162498
For the year ended 31 May 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2017
G2Connect Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 May 2017
G2Connect Limited
Statement of Financial Position
Registered Number :
08162498
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
545
807
2
545
807
Current assets
Trade and other receivables
16,180
890
3
18,219
Cash and cash equivalents
56,129
57,019
34,399
Trade and other payables: amounts falling due within one
year
(9,535)
(21,886)
4
24,864
35,133
Net current assets
Total assets less current liabilities
35,678
25,671
Trade and other payables: amounts falling due after more
than one year
(33,983)
(34,166)
5
1,512
Net assets/liabilities
(8,312)
Capital and reserves
Called up share capital
3
3
Retained earnings
1,509
(8,315)
1,512
(8,312)
Shareholders' funds
For the year ended 31 May 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Gulam Jhina Director
These financial statements were approved and authorised for issue by the Board on 25 February 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2017
G2Connect Limited
Notes to the Financial Statements
Statutory Information
G2Connect Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08162498.
Registered address:
Unity House
Fletcher Street
Bolton
BL3 6NE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer equipment
10 Straight line
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 June 2016
1,430
1,089
341
At 31 May 2017
341
1,089
1,430
Provision for depreciation and impairment
At 01 June 2016
623
487
136
Charge for year
262
228
34
At 31 May 2017
885
715
170
At 31 May 2017
Net book value
171
374
545
At 31 May 2016
205
602
807
2 of 3
5
For the year ended 31 May 2017
G2Connect Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
140
2,395
Other debtors
750
13,785
16,180
890
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
(299)
3,143
Taxation and social security
10,241
4,940
Other creditors
11,944
1,452
21,886
9,535
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
34,166
33,983
3 of 3